There are only two basic types
of business: Corn Framing and Apple Farming.

Corn Farming (non-equity
businesses): Every spring you look out at your acreage. What do you see?
Barren earth! Every year you have to recreate at least 95% of the same work to
earn a living. Every day you do not “go to work” you lose money.

Apple Farming (equity
businesses): Every spring you look out at your acreage. What do you see? Trees
with blossoms! Every year you only have to prune and fertilize the existing
trees. If you miss a day of work here and there, no big deal.

Some examples of equity
businesses: Publishing, author, income property investing.